Certified Information Privacy Professional (CIPP) Practice Questions 2025 – All-in-One Guide to Exam Success!

The Right to Financial Privacy Act (RFPA) is the federal regulation that specifically allows individuals to challenge the release of their financial records. Enacted in 1978, the RFPA was designed to protect the privacy of consumer financial information held by financial institutions. Under this act, before a financial institution can disclose a consumer's financial records to a government authority, it must provide that individual with notice of the request. The individual then has the right to challenge the release of those records, ensuring that their financial privacy is upheld.

In contrast, the other options serve different purposes. The Electronic Communications Privacy Act primarily addresses the interception and disclosure of electronic communications and does not provide a specific process for challenging the release of financial records. The Privacy Act of 1974 generally pertains to the handling of personal information held by federal agencies and does not specifically focus on financial records. Lastly, the Gramm-Leach-Bliley Act involves financial institutions' obligations regarding the privacy of consumer information, but it does not grant individuals a specific right to challenge the release of their financial records in the same way the RFPA does.